I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day

[coins4commies]

how are you guys mining USD?

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[lunobird]

Yep 1070 ti for $609 on amazon.  Last month it used to be $750+

Kiss your gpu premiums good bye.  Better dump fast b/c weak hands or smart hands,  will dump their gpu and coins.  $1 dollar a day or less on earnings is horribly way of earning money,  Sell your cards and focus back on your career building skills instead. Money better spent.

https://www.amazon.com/MSI-GTX-1070-TI-GAMING/dp/B076Q6GYKY/ref=sr_1_1?s=pc&ie=UTF8&qid=1521394950&sr=1-1&keywords=1070+ti

That sounds like a great plan for someone that afford to have a bunch of GPU's sitting around doing nothing (Because power has exceeded profit) or Because they cant afford having the GPU's not making them X amount of $$$ a day so they have to sell their whole rig.  A smart person would mine the hell out of those GPU's and wait for the coins to be worth more later when the market shoots up.  For people that earn Btc (Nicehash, etc.) with their mining, their earnings will be worth substantially more later if they can sit on the Btc for maybe 6 months...or 2 years.  Its all a gamble but the rewards are better than any other financial instrument or stock currently.

A smart person doesn't mine.  A smart person snatches your coins for cheap while you mine them at $1 dollar a day.  The smart person that bought low is enjoying lambos after 1 year,  While you bum miners are trying to make an ROI on your cards after a year.  Rinse and repeat.

[Sledge0001]

A smart person doesn't mine.  A smart person snatches your coins for cheap while you mine them at $1 dollar a day.  The smart person that bought low is enjoying lambos after 1 year,  While you bum miners are trying to make an ROI on your cards after a year.  Rinse and repeat.

See this is where you are wrong. A smart miner has already paid off their cards and still has the coins you are buying. You're doing it wrong!!!

[lunobird]

A smart person doesn't mine.  A smart person snatches your coins for cheap while you mine them at $1 dollar a day.  The smart person that bought low is enjoying lambos after 1 year,  While you bum miners are trying to make an ROI on your cards after a year.  Rinse and repeat.

See this is where you are wrong. A smart miner has already paid off their cards and still has the coins you are buying. You're doing it wrong!!!

Not True,  I been mining coins and buying coins.  By far buying coins after 1 year has been 10x more profitable than mining after 1 year.  Anybody that did this will tell you the same thing.

 The takeaway I learned is not to be a miner bum. Buy when coins are cheap especially when miners are crying about roi

[EthanB]

Would you mind sharing how they're making $3-$5 a day?  Thanks.

Gladly. Since it seems like no matter how many times the information is crammed down people's throats they don't do what is best, or what even makes sense. Anyone that paid over $750-800 for a 1080TI did not do their due diligence and therefore deserve to be on the lower end of the mining curve. NiceHash has been consistently $2.50+ a day just allowing it to freely switch algorithms as it does. When you choose a specific coin, like Equihash, Neoscrypt or something like that you can keep it above $3.00 no problem.

how are you guys mining USD?

I've been very confused about this as well.  

[thesourc3]

If your 1080ti is only making $1 a day you are doing something wrong. I know people running a single 1080ti and they are making $3-$5 per day. Where are you getting your information or what are you mining and on what settings? That $3-$5 per day figure is without running the card intense, unless you consider 65c and 76% TDP to be anything except conservative.

You're doing something wrong if your goal is primarily to make the most $ per day. Maybe we can help you figure it out and optimize.

Are you sure you're not quoting prices from a few weeks ago? Bc mining seems to have really taken a hit in the past few weeks, ASICs and GPU alike. Currently a 1080ti is only making around $1.86 or so and thats not subtracting energy costs. This is without overclocking, but still significantly lower than what it was even 2 months ago (they were making $10-12/day easy). I'd ask your friend when you can to make sure he's still making $3-5/day bc to my knowledge I don't see how that's possible regardless of what alt you're mining at the moment.

[thesourc3]

Would you mind sharing how they're making $3-$5 a day?  Thanks.

Gladly. Since it seems like no matter how many times the information is crammed down people's throats they don't do what is best, or what even makes sense. Anyone that paid over $750-800 for a 1080TI did not do their due diligence and therefore deserve to be on the lower end of the mining curve. NiceHash has been consistently $2.50+ a day just allowing it to freely switch algorithms as it does. When you choose a specific coin, like Equihash, Neoscrypt or something like that you can keep it above $3.00 no problem.

how are you guys mining USD?

I've been very confused about this as well.  

Check today on Nicehash, 1080ti's are only making $1.87 or so each BEFORE power consumption, and only around $1.25 or so after subtracting power costs:

https://www.nicehash.com/profitability-calculator#nvidia-gtx-1080-ti;USD;0.1;1;250;0;a5=1275;a7=71.615;a8=1.88;a14=60;a20=35;a21=4.6;a22=0.76;a23=0.47;a24=630;a25=1.76;a26=16.2;a27=2.96;a28=6.978

And to answer the other persons question about how you mine for BTC with GPUs - Easy. Instead of mining at a specific altcoin pool, start mining at nicehash.com. Their mining software will mine the most profitable coin in realtime and will automatically convert the payments to BTC rather than paying out in whatever altcoins your miner is mining. The reason for this is since Nicehash charges BTC for everyone renting the hashpower on their site. You'd be hard pressed to find profits better than nicehash since they resell the hashing power to others at a profit, which equates to higher profits for you.

Even with Nicehash, the 1080ti unfortunately makes less than $2/day at the moment before subtracting electricity costs. I'm sure you can overclock your cards and get a little more out of them but overall you'd be looking at $2 or less per 1080ti. I'm seriously considering taking a chance at solo mining over pool mining as it just doesn't seem worth the time to mine for such little profits in the end, unless you have a large mining farm thats already been running for several months. Mining has really sucked lately, regardless of the equipment. Something's gotta give eventually, either a significant amount of the new miners will need to stop mining or new hardware will need to be released for it to become even remotely as profitable as it was even 2-3 months ago. Sad but true.

[dhouse]

waaaaaait a second. are you telling me that when the crypto market crashes, the cryptos i mine AREN'T WORTH AS MUCH IN USD??

why didnt anyone tell me this?

[thesourc3]

waaaaaait a second. are you telling me that when the crypto market crashes, the cryptos i mine AREN'T WORTH AS MUCH IN USD??

why didnt anyone tell me this?

This is contributing to it, but more than this it's the skyrocketing difficulty. Take a look here and you'll see how much the difficulty has risen since the beginning:

https://bitinfocharts.com/comparison/ethereum-difficulty.html

It's almost increased by threefold since approx January of this year, which has attributed to hardware not making nearly as much as it was back in October-December '17 when the difficulty was pretty linear overall.

[dhouse]

waaaaaait a second. are you telling me that when the crypto market crashes, the cryptos i mine AREN'T WORTH AS MUCH IN USD??

why didnt anyone tell me this?

This is contributing to it, but more than this it's the skyrocketing difficulty. Take a look here and you'll see how much the difficulty has risen since the beginning:

https://bitinfocharts.com/comparison/ethereum-difficulty.html

It's almost increased by threefold since approx January of this year, which has attributed to hardware not making nearly as much as it was back in October-December '17 when the difficulty was pretty linear overall.

Ahhhh

[gotminer]

I only bought 1 1080ti. If I would have bought a rig I would be I the red and very upset

Tried to tell you not to buy a 1K 1080ti ... Lol.

[michellee]

I only bought 1 1080ti. If I would have bought a rig I would be I the red and very upset

I think if you feel you cannot make any money in every month then you don't have to buy a rig because for reaching ROI, you still need to wait several months and its dependence on the price of the coin that you're mining too. but if you want to mining and not going to sell the coin and only sell for a long time then you can try to mine and you should buy a rig. there are too many things that you need to handle and you need to know how the procedure works so you can leave the rig mining for you. besides that, the electricity fee is the most important that you should know and calculate because this is the most expenses that you need to pay in every month.

[halker2010]

I stopped mining crypto a week ago no reason to make my rigs work when we are in bullshit age i wait and use my rigs when something profitable comes along.

[TorbjornE]

Do not you use this site?

https://whattomine.com
BitcoinGold(BTG)  $1.99    1080ti

In a few months the coin will grow several times and it turns out that you mined for $ 10 a day .

[HashAuger]

Check today on Nicehash, 1080ti's are only making $1.87 or so each BEFORE power consumption, and only around $1.25 or so after subtracting power costs:

https://www.nicehash.com/profitability-calculator#nvidia-gtx-1080-ti;USD;0.1;1;250;0;a5=1275;a7=71.615;a8=1.88;a14=60;a20=35;a21=4.6;a22=0.76;a23=0.47;a24=630;a25=1.76;a26=16.2;a27=2.96;a28=6.978

And to answer the other persons question about how you mine for BTC with GPUs - Easy. Instead of mining at a specific altcoin pool, start mining at nicehash.com. Their mining software will mine the most profitable coin in realtime and will automatically convert the payments to BTC rather than paying out in whatever altcoins your miner is mining. The reason for this is since Nicehash charges BTC for everyone renting the hashpower on their site. You'd be hard pressed to find profits better than nicehash since they resell the hashing power to others at a profit, which equates to higher profits for you.

NiceHash sometimes has good prices and sometimes they don't, especially for algorithms that run best on cards like the 1080ti.  As you explained, NiceHash is a marketplace. The earnings that miners receive are dependent on the prices that buyers are willing to pay for that hashing power. Recently, buyers have favored the Dagger/Ethash algorithm that runs better on cards like the 1070/1070ti than the 1080/1080ti, making NiceHash less profitable for miners with the 1080s.

Also, NiceHash doesn't pass the profits it makes from selling hash rate to buyers to the miners - that is Nicehash's fee for providing the service and how it makes its money. Since buyers want to make as much profit as possible from their purchased hash rate, they often bid as low as possible for that hash power.  So there will be times when miners can find more profitable coins to mine on other pools that will also convert their earnings to BTC.  While my personal daily earnings have fallen with the rest of the market, I still earn at least a dollar more per day on each of my 1080tis than what Nicehash is currently offering.

[waltdanger]

I stopped mining crypto a week ago no reason to make my rigs work when we are in bullshit age i wait and use my rigs when something profitable comes along.

You'll be waiting until the heat death of the universe. Might as well put your rigs to work on cracking Satoshi's private keys, it'll be more profitable over the timeframe 

[MetaSk]

I guess you are mining ethereum to get 1$ a day.
Did you look into other algos? 1080Ti has much wider portfolio of available coins to mine than the AMD cards have, and you can make big buck with it if used righ.

[gsanjin]

Do better algo research and stop using nicehash (which is btw with new generation of ASICs and bearish market one of main reasons for low mining profits).

[Wefud]

If your 1080ti is only making $1 a day you are doing something wrong. I know people running a single 1080ti and they are making $3-$5 per day. Where are you getting your information or what are you mining and on what settings? That $3-$5 per day figure is without running the card intense, unless you consider 65c and 76% TDP to be anything except conservative.

You're doing something wrong if your goal is primarily to make the most $ per day. Maybe we can help you figure it out and optimize.

Did you make $3-5 per day? I am making about $1 per day with my electricity price of $0.18/kWh.

[preda]

well, i have been in this stage 5 months ago, mining was not profitable at all.. then all gone up and mining was the best again, so relax, you will see you cards get 5 usd day each again!!!!